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Insurtech InsuranceDekho raises $60 million at $650mn valuation

Insurtech InsuranceDekho raises $60 million at $650mn valuation

by AIP Online Bureau | Oct 11, 2023 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

“We will use this money for M&A opportunities, to build a strong tech product team, for branding and we’re going to use it to open new business lines like getting into reinsurance,” Ankit Agrawal, the founder and chief executive officer of InsuranceDekho, said in...
Intangible Risks: 80% of global listed companies’ $ 76 trilion digital assets value remains uninsured, says Swiss Re

Intangible Risks: 80% of global listed companies’ $ 76 trilion digital assets value remains uninsured, says Swiss Re

by AIP Online Bureau | Oct 11, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

South Korea came out on top of the Swiss Re’s Insurance Digitalisation Index, followed by Sweden, Finland and the US. While advanced markets with strong physical infrastructure and high internet access rates have made most progress in digitalising their...

Equity mutual funds record significant net inflows in Sep

by AIP Online Bureau | Oct 11, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

While the overall net flows experienced a dip in various categories, it is noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows New Delhi: Inflow into equity mutual funds slumped by over 30...
Indian govt panel wants car ratings tied to improved connectivity -draft

Indian govt panel wants car ratings tied to improved connectivity -draft

by AIP Online Bureau | Oct 11, 2023 | Indian News, Non-Life, Policy, Regulation, Technology

In a country with high accident rates, the advice could force automakers to equip the connected cars, as they are known, with technology using the airwaves to send warnings between drivers, and communicate with road systems like traffic lights. New Delhi: An Indian...
Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz

Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz

by AIP Online Bureau | Oct 11, 2023 | Indian News, Life, Regulation

Bharti’s intention is to ensure that the life Insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financial investors to partner and or combine, so as continue to scale this business New Delhi: Sunil...
LIC receives Rs 37,000 tax notice from J&K GST body

LIC receives Rs 37,000 tax notice from J&K GST body

by AIP Online Bureau | Oct 11, 2023 | Indian News, Life, Policy, Regulation

The Jammu & Kashmir GST authority has calculated the pending dues of the LIC saying the corporation has paid taxes at 12% instead of 18 % on certain invoices Mumbai: Life Insurance behemoth Life Insurance Corporation(LIC) on Wednesday said it has received a demand...

Tata AIG General launches a faster process for online travel insurance claims

by AIP Online Bureau | Oct 11, 2023 | Briefs, Non-Life, Technology

Tata AIG General Insurance Company has introduced a faster process for online travel insurance claims. The customers can simply register their claim directly on the tataaig.com website, submit the relevant documents, and track its status, minimizing the need to engage...

Climate change may make India and the Indus Valley too hot for up to 2.2 billion: Study

by AIP Online Bureau | Oct 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Features, Health

Results of the study indicate that if global temperatures increase by 2 C above pre-industrial levels, the 2.2 billion residents of Pakistan and India’s Indus River Valley, the one billion people living in eastern China and the 800 million residents of sub-Saharan...

Stroke could cause nearly 10 million deaths annually by 2050: Lancet study

by AIP Online Bureau | Oct 11, 2023 | Eco/Invest/Demography, Features, Health, Non-Life, Technology

The report recommended establishing cost-effective surveillance systems for precise epidemiological stroke data to guide prevention and treatment Strokes, a highly preventable and treatable condition, could lead to nearly 10 million deaths annually by 2050, primarily...
Cyber insurance: Indian market set to witness exponential growth, Deloitte’s report

Cyber insurance: Indian market set to witness exponential growth, Deloitte’s report

by AIP Online Bureau | Oct 11, 2023 | Articles, Eco/Invest/Demography, Risk Management, Technology

Indian cyber insurance market is valued at USD 50-60 million, maintaining a steady 27-30 per cent compound annual growth rate (CAGR) in the past three years Anand Venkatraman, Partner, Risk Advisory, Deloitte India, said, “Despite the current market fluctuations...
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